Foreign Non-Grantor Trust

Foreign Non-Grantor Trust definition: Special taxes are applied to distributions from a foreign non-grantor trust to a U.S. beneficiary. The current year income and appreciation are taxed, as well as amounts accumulated over time are taxed a special “throwback tax” and interest charge for the number of years of accumulation off-shore. The remaining amount in the foreign non-grantor trust is not-subject to U.S. income taxes.

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The Family Offices Group was founded six years ago and since has grown to be the largest association in the industry providing training, industry reports, and services to over 1,000 family offices around the globe.